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The Rise of the Super Rich
The Rise of the Super Rich.
I was watching a special on TV about the rise of the super rich. It is a new bread of young wealthy people. Who are these people that slip under the radar. They are Hedge Fund Traders. Real Estate investors and players in the Hi-Tech world. What is different about this new generation of wealth is that they spend big. This group is the $30Million and up. They interviewed a woman that started her own internet business and her worth was $10 million. She was sharing that she did not consider her self rich. She was saving that she did not have the luxury of living the life style of the rich and famous.
Back to the $30Million and over group. Buying private jets went up 30% from 2001 even with fuel prices what they are. They vacation big to and there is actually a lack of vacation destination to care for this growing group. It is not uncommon to purchase $26 million dollar homes then in two years have the need to find something bigger and grander. Are there any real estate agents out there that can take care of these people?
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